linux.conf.au 2014

linux.conf.au

Pettycoin: Losing Tiny Amounts of Bitcoin At Scale!

Bitcoin uses a shared ledger: currently 13GB, and fewer nodes will beable to keep up as popularity grows. This talk presents a pre-alphaimplementation of an adjunct network where gateways ferry between thecurrent bitcoin network and a new "pettycoin" network, which tradesbitcoin's robustness for scalability. When complete, the result shouldbe a network suitable for genuine microtransactions at the rate ofthousands per second.

Rusty Russell

Rusty Russell is a Free Software hacker who created ipchains, iptables and the ACT state election software (EVACS). He wrote and currently maintains the linux kernel module code, the CCAN code repository, and the ntdb database for Samba. He maintains the linux kernel virtio code and wrote the original virtio spec, and chairs the OASIS VirtIO Technical Committee.